An Introduction To Economic Dynamics

Author : Ronald Shone
Publisher : Cambridge University Press
Page : 240 pages
File Size : 40,8 Mb
Release : 2001-09-13
Category : Business & Economics
ISBN : 0521804787

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An Introduction to Economic Dynamics by Ronald Shone Pdf

This is an examples-driven treatment of introductory economic dynamics for students with a basic familiarity of spreadsheets. Shone approaches the subject with the belief that true understanding of a subject can only be achieved by students themselves setting out a problem and manipulating it experimentally. Although all economics students now have access to spreadsheets, they are often used for little more than graphing economic data. This book encourages students to go several stages further and set up and investigate simple dynamic models. A web-site for students and instructors is included that contains an additional 100 questions for students and 100 for instructors.

Author : John Stachurski
Publisher : MIT Press
Page : 395 pages
File Size : 45,6 Mb
Release : 2022-08-16
Category : Business & Economics
ISBN : 9780262544771

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Economic Dynamics, second edition by John Stachurski Pdf

The second edition of a rigorous and example-driven introduction to topics in economic dynamics that emphasizes techniques for modeling dynamic systems. This text provides an introduction to the modern theory of economic dynamics, with emphasis on mathematical and computational techniques for modeling dynamic systems. Written to be both rigorous and engaging, the book shows how sound understanding of the underlying theory leads to effective algorithms for solving real-world problems. The material makes extensive use of programming examples to illustrate ideas, bringing to life the abstract concepts in the text. Key topics include algorithms and scientific computing, simulation, Markov models, and dynamic programming. Part I introduces fundamentals and part II covers more advanced material. This second edition has been thoroughly updated, drawing on recent research in the field. New for the second edition: “Programming-language agnostic” presentation using pseudocode. New chapter 1 covering conceptual issues concerning Markov chains such as ergodicity and stability. New focus in chapter 2 on algorithms and techniques for program design and high-performance computing. New focus on household problems rather than optimal growth in material on dynamic programming. Solutions to many exercises, code, and other resources available on a supplementary website.

Author : Ronald Shone
Publisher : Cambridge University Press
Page : 730 pages
File Size : 47,7 Mb
Release : 2002-11-28
Category : Business & Economics
ISBN : 0521017033

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Economic Dynamics by Ronald Shone Pdf

This is the substantially revised and restructured second edition of Ron Shone's successful advanced textbook Economic Dynamics. The book provides detailed coverage of dynamics and phase diagrams, including: quantitative and qualitative dynamic systems, continuous and discrete dynamics, linear and non-linear systems and single equation and systems of equations. It illustrates dynamic systems using Mathematica, Maple V and spreadsheets. It provides a thorough introduction to phase diagrams and their economic application and explains the nature of saddle path solutions. The second edition contains a new chapter on oligopoly and an extended treatment of stability of discrete dynamic systems and the solving of first-order difference equations. Detailed routines on the use of Mathematica and Maple are now contained in the body of the text, which now includes advice on the use of Excel and additional examples and exercises throughout. Supporting website contains solutions manual and learning tools.

Author : William J. Baumol
Publisher : Unknown
Page : 262 pages
File Size : 48,9 Mb
Release : 1957
Category : Economics
ISBN : OCLC:760359075

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Economic dynamics: an introduction... by William J. Baumol Pdf

Author : Richard H. Day
Publisher : Unknown
Page : 0 pages
File Size : 40,7 Mb
Release : 2000-02
Category : Ekonomi, Matematiksel
ISBN : 0262528606

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Complex Economic Dynamics by Richard H. Day Pdf

V. 1. An introduction to dynamical systems and market mechanisms -- v. 2. An introduction to macroeconomics dynamics.

Author : Adam Szirmai
Publisher : Cambridge University Press
Page : 760 pages
File Size : 54,9 Mb
Release : 2005-01-20
Category : Business & Economics
ISBN : 9781107717565

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The Dynamics of Socio-Economic Development by Adam Szirmai Pdf

Why are poor countries poor and rich countries rich? How are wealth and poverty related to changes in nutrition, health, life expectancy, education, population growth and politics? This modern, non-technical 2005 introduction to development studies explores the dynamics of socio-economic development and stagnation in developing countries. Taking a quantitative and comparative approach to contemporary debates within their broader context, Szirmai examines historical, institutional, demographic, sociological, political and cultural factors. Key chapters focus on economic growth, technological change, industrialisation, agricultural development, and consider social dimensions such as population growth, health and education. Each chapter contains comparative statistics on trends from a sample of twenty-nine developing countries. This rich statistical database allows students to strengthen their understanding of comparative development experiences. Assuming no prior knowledge of economics the book is suited for use in inter-disciplinary development studies programmes as well as economics courses, and will also interest practitioners pursuing careers in developing countries.

Author : Jianjun Miao
Publisher : MIT Press
Page : 737 pages
File Size : 47,5 Mb
Release : 2014-09-12
Category : Business & Economics
ISBN : 9780262027618

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Economic Dynamics in Discrete Time by Jianjun Miao Pdf

A unified, comprehensive, and up-to-date introduction to the analytical and numerical tools for solving dynamic economic problems. This book offers a unified, comprehensive, and up-to-date treatment of analytical and numerical tools for solving dynamic economic problems. The focus is on introducing recursive methods—an important part of every economist's set of tools—and readers will learn to apply recursive methods to a variety of dynamic economic problems. The book is notable for its combination of theoretical foundations and numerical methods. Each topic is first described in theoretical terms, with explicit definitions and rigorous proofs; numerical methods and computer codes to implement these methods follow. Drawing on the latest research, the book covers such cutting-edge topics as asset price bubbles, recursive utility, robust control, policy analysis in dynamic New Keynesian models with the zero lower bound on interest rates, and Bayesian estimation of dynamic stochastic general equilibrium (DSGE) models. The book first introduces the theory of dynamical systems and numerical methods for solving dynamical systems, and then discusses the theory and applications of dynamic optimization. The book goes on to treat equilibrium analysis, covering a variety of core macroeconomic models, and such additional topics as recursive utility (increasingly used in finance and macroeconomics), dynamic games, and recursive contracts. The book introduces Dynare, a widely used software platform for handling a range of economic models; readers will learn to use Dynare for numerically solving DSGE models and performing Bayesian estimation of DSGE models. Mathematical appendixes present all the necessary mathematical concepts and results. Matlab codes used to solve examples are indexed and downloadable from the book's website. A solutions manual for students is available for sale from the MIT Press; a downloadable instructor's manual is available to qualified instructors.

Author : Nancy L. Stokey
Publisher : Harvard University Press
Page : 607 pages
File Size : 45,5 Mb
Release : 1989-10-10
Category : Business & Economics
ISBN : 9780674735187

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Recursive Methods in Economic Dynamics by Nancy L. Stokey Pdf

This rigorous but brilliantly lucid book presents a self-contained treatment of modern economic dynamics. Stokey, Lucas, and Prescott develop the basic methods of recursive analysis and illustrate the many areas where they can usefully be applied.

Author : William J. Baumol,Ralph Turvey
Publisher : Unknown
Page : 472 pages
File Size : 43,9 Mb
Release : 1973
Category : Electronic
ISBN : OCLC:1070542294

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Economic Dynamics by William J. Baumol,Ralph Turvey Pdf

Author : Wilfred Dolfsma,Luc Soete
Publisher : Edward Elgar Publishing
Page : 275 pages
File Size : 46,5 Mb
Release : 2006-01-01
Category : Computers
ISBN : 9781845429898

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Understanding the Dynamics of a Knowledge Economy by Wilfred Dolfsma,Luc Soete Pdf

. . . the topical way in which the subject is discussed makes this book useful also for policymakers or entrepreneurs interested in the subject. It is also appropriate for Masters or Ph.D. students who have a basic background in economics and management. . . [the book] provides interesting and deep analysis of the dynamic of knowledge economy and it is very well written. Francesca Masciarelli, Journal of Management and Governance The knowledge economy is a concept commonly deemed too ambiguous and elusive to hold any significance in current economic debate. This valuable book seeks to refute that myth. Presenting an important collection of views, from a number of leading scholars, this innovative volume visibly demonstrates that knowledge and information are a prime resource in driving the dynamics of an economy. It is argued that in order to understand the knowledge economy a diverse set of insights and approaches are required, which shed new and striking light on the roots of present-day economic dynamics. Using both theoretical and empirical material, this interdisciplinary collection offers a range of micro and macro perspectives. It draws on a variety of scientific backgrounds, and uses and develops a number of different methodologies, some of which may not be familiar in mainstream economics. The approaches adopted by historians, economists, systems theorists, management scholars and geographers which are explored in this book are central to encouraging a new and practical way forward in reading the dynamics of the knowledge economy. In offering these key insights, this important volume makes an invaluable contribution to the lively debate surrounding the knowledge economy. An essential read for economists, this book will also find widespread appeal amongst scholars of management, cultural studies and geography.

Author : Srinivas Raghavendra,Petri T. Piiroinen
Publisher : Taylor & Francis
Page : 256 pages
File Size : 44,9 Mb
Release : 2023-03-31
Category : Business & Economics
ISBN : 9781000850987

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An Introduction to Economic Dynamics by Srinivas Raghavendra,Petri T. Piiroinen Pdf

An Introduction to Economic Dynamics provides a framework for students to appreciate and understand the basic intuition behind economic models and to experiment with those models using simulation techniques in MATLAB®. This book goes beyond the often-limited scope of other texts on economic models, which have largely focused on elucidating static equilibrium models. Comparative static analysis inhibits students from asking how the equilibrium position is achieved from an initial out-of-equilibrium position and limits their understanding of the dynamics that underlie such analysis. In this textbook, readers are introduced to ten well-established macroeconomic models – including Keynesian multiplier models, Samuelson’s multiplier and Solow’s growth model – and guided through the dynamical systems behind each model. Every chapter begins with an overview of the economic problem which the model is designed to help solve followed by an explanation of the mathematics of the model. Solutions are provided using simulation and visualisation techniques in MATLAB®, which are interwoven organically with the analysis and are introduced in a step-by-step fashion to guide the reader along the way. Appendices provide an introduction to MATLAB® along with all the necessary codes. The book is ideally suited for courses in economic dynamics, macroeconomic modelling and computational economics, as well as for students of finance, mathematics and engineering who are interested in economic models.

Author : John Stachurski
Publisher : MIT Press
Page : 392 pages
File Size : 49,5 Mb
Release : 2009-01-16
Category : Business & Economics
ISBN : 9780262012775

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Economic Dynamics by John Stachurski Pdf

A rigorous and example-driven introduction to topics in economic dynamics, with an emphasis on mathematical and computational techniques for modeling dynamic systems. This text provides an introduction to the modern theory of economic dynamics, with emphasis on mathematical and computational techniques for modeling dynamic systems. Written to be both rigorous and engaging, the book shows how sound understanding of the underlying theory leads to effective algorithms for solving real world problems. The material makes extensive use of programming examples to illustrate ideas. These programs help bring to life the abstract concepts in the text. Background in computing and analysis is offered for readers without programming experience or upper-level mathematics. Topics covered in detail include nonlinear dynamic systems, finite-state Markov chains, stochastic dynamic programming, stochastic stability and computation of equilibria. The models are predominantly nonlinear, and the emphasis is on studying nonlinear systems in their original form, rather than by means of rudimentary approximation methods such as linearization. Much of the material is new to economics and improves on existing techniques. For graduate students and those already working in the field, Economic Dynamics will serve as an essential resource.

Author : Jacek Leskow,Martin Puchet,Lionello F. Punzo
Publisher : Springer Science & Business Media
Page : 397 pages
File Size : 42,9 Mb
Release : 2006-05-06
Category : Business & Economics
ISBN : 9783540284444

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New Tools of Economic Dynamics by Jacek Leskow,Martin Puchet,Lionello F. Punzo Pdf

New Tools of Economic Dynamics gives an introduction and overview of recently developed methods and tools, most of them developed outside economics, to deal with the qualitative analysis of economic dynamics. It reports the results of a three-year research project by a European and Latin American network on the intersection of economics with mathematical, statistical, and computational methods and techniques. Focusing upon the evolution and manifold structure of complex dynamic phenomena, the book reviews and shows applications of a variety of tools, such as symbolic and coded dynamics, interacting agents models, microsimulation in econometrics, large-scale system analysis, and dynamical systems theory. It shows the potential of a comprehensive analysis of growth, fluctuations, and structural change along the lines indicated by pioneers like Harrod, Haavelmo, Hicks, Goodwin, Morishima, and it highlights the explanatory power of the qualitative approach they initiated.

Author : William A. Barnett,Alan P. Kirman,Mark Salmon
Publisher : Cambridge University Press
Page : 426 pages
File Size : 55,6 Mb
Release : 1996-10-28
Category : Business & Economics
ISBN : 0521471419

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Nonlinear Dynamics and Economics by William A. Barnett,Alan P. Kirman,Mark Salmon Pdf

This 1997 book presents developments in nonlinear economic dynamics along with related research from other fields, including mathematics, statistics, biology, and physics.

Author : Robert Y. Cavana,Brian C. Dangerfield,Oleg V. Pavlov,Michael J. Radzicki,I. David Wheat
Publisher : Springer Nature
Page : 593 pages
File Size : 48,8 Mb
Release : 2021-06-30
Category : Business & Economics
ISBN : 9783030671907

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Feedback Economics by Robert Y. Cavana,Brian C. Dangerfield,Oleg V. Pavlov,Michael J. Radzicki,I. David Wheat Pdf

This book approaches economic problems from a systems thinking and feedback perspective. By introducing system dynamics methods (including qualitative and quantitative techniques) and computer simulation models, the respective contributions apply feedback analysis and dynamic simulation modeling to important local, national, and global economics issues and concerns. Topics covered include: an introduction to macro modeling using a system dynamics framework; a system dynamics translation of the Phillips machine; a re-examination of classical economic theories from a feedback perspective; analyses of important social, ecological, and resource issues; the development of a biophysical economics module for global modelling; contributions to monetary and financial economics; analyses of macroeconomic growth, income distribution and alternative theories of well-being; and a re-examination of scenario macro modeling. The contributions also examine the philosophical differences between the economics and system dynamics communities in an effort to bridge existing gaps and compare methods. Many models and other supporting information are provided as online supplementary files. Consequently, the book appeals to students and scholars in economics, as well as to practitioners and policy analysts interested in using systems thinking and system dynamics modeling to understand and improve economic systems around the world. "Clearly, there is much space for more collaboration between the advocates of post-Keynesian economics and system dynamics! More generally, I would like to recommend this book to all scholars and practitioners interested in exploring the interface and synergies between economics, system dynamics, and feedback thinking." Comments in the Foreword by Marc Lavoie, Emeritus Professor, University of Ottawa and University of Sorbonne Paris Nord